Ameris Bancorp (NASDAQ:ABCB - Get Free Report) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.20 per share by the bank on Monday, April 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, March 31st.
Ameris Bancorp Stock Performance
Shares of ABCB traded up $1.63 during mid-day trading on Monday, reaching $59.41. The company's stock had a trading volume of 391,680 shares, compared to its average volume of 342,715. Ameris Bancorp has a 1-year low of $44.23 and a 1-year high of $74.56. The business has a 50-day simple moving average of $63.11 and a two-hundred day simple moving average of $63.98. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.10 billion, a P/E ratio of 11.40 and a beta of 1.02.
Insider Activity at Ameris Bancorp
In other news, insider Douglas D. Strange acquired 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $56.95 per share, with a total value of $56,950.00. Following the completion of the purchase, the insider now directly owns 19,403 shares of the company's stock, valued at $1,105,000.85. The trade was a 5.43 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ABCB. Stephens restated an "equal weight" rating and set a $71.00 price objective on shares of Ameris Bancorp in a research report on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on Ameris Bancorp from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Raymond James restated an "outperform" rating and issued a $71.00 price target (up from $67.00) on shares of Ameris Bancorp in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Ameris Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $70.50.
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Ameris Bancorp Company Profile
(
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Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.
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